Legacy College Preparatory Charter School
- Assets
- $4.7m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 80
- Location
- Bronx, NY
- Founding
- 01/2017
- Data as of
- 06/2021
- EIN
- 81-2984627
Organization Overview
Legacy College Preparatory Charter School is located in Bronx, NY. The organization was established in 2017. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Legacy College Preparatory Charter School employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy College Preparatory Charter School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Legacy College Preparatory Charter School generated $13.0m in total revenue. All expenses for the organization totaled $11.0m during the year ending 06/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH RIGOROUS ACADEMIC INSTRUCTION, VALUES-BASED CHARACTER DEVELOPMENT, AND THE PURSUIT OF AMBITIOUS GOALS, LEGACY COLLEGE PREPARATORY CHARTER SCHOOL ENSURES ALL STUDENTS IN GRADES SIX THROUGH EIGHT ARE PREPARED TO GRADUATE FROM COLLEGE, ACCESS PROFESSIONAL OPPORTUNITIES, AND BUILD A POSITIVE LEGACY FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHARTER SCHOOL PROVIDES A FULL RANGE OF EDUCATIONAL SERVICES APPROPRIATE FOR GRADES SIX THROUGH EIGHT IN THE BRONX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Summer Schneider Principal | Officer | 50 | $162,880 |
David Camputo Chair | OfficerTrustee | 1 | $0 |
Jared Parker Treasurer | OfficerTrustee | 1 | $0 |
Nkenge Ho-Shing Vice Chair | OfficerTrustee | 1 | $0 |
David Borsack Secretary | OfficerTrustee | 1 | $0 |
John Sanchez Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Friends Of Legacy Inc Rent | 6/29/21 | $2,370,082 |
Edtec Inc Back-office Provider | 6/29/21 | $202,523 |
Genuine Foods Lab Llc School Food Provider | 6/29/21 | $231,272 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,796,464 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,791 |
| Noncash contributions included in lines 1a–1f | $30,099 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,924,255 |
| Total Program Service Revenue | $9,093,818 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,018,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,645 |
| Compensation of current officers, directors, key employees. | $28,557 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,029,421 |
| Pension plan accruals and contributions | $26,523 |
| Other employee benefits | $568,268 |
| Payroll taxes | $426,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,557 |
| Fees for services: Accounting | $33,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $342,836 |
| Advertising and promotion | $71,262 |
| Office expenses | $132,142 |
| Information technology | $375,662 |
| Royalties | $0 |
| Occupancy | $2,720,081 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $241,021 |
| Insurance | $85,991 |
| All other expenses | $160,663 |
| Total functional expenses | $11,030,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,035,470 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $522,887 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $475,766 |
| Net Land, buildings, and equipment | $591,803 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,089,797 |
| Total assets | $4,715,723 |
| Accounts payable and accrued expenses | $538,416 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $350,000 |
| Total liabilities | $888,416 |
| Net assets without donor restrictions | $3,827,307 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,715,723 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Legacy College Preparatory Charter School has recieved totaling $49,110.
| Awarding Organization | Amount |
|---|---|
The New York City Center For Charter School Excellence New York, NY PURPOSE: COVID-19 CRISIS GRANT | $22,055 |
The New York City Center For Charter School Excellence New York, NY PURPOSE: COVID-19 CRISIS GRANT | $22,055 |
Credit Suisse Americas Foundation New York, NY PURPOSE: GENERAL OPERATING | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Public Prep Charter School Academies Bronx, NY | $28,993,375 | $52,903,915 |
Achievement First Inc New Haven, CT | $52,811,061 | $64,422,955 |
Explore Excel Charter School Brooklyn, NY | $21,686,253 | $46,865,700 |
Brooklyn Prospect Charter School Brooklyn, NY | $14,747,543 | $42,286,541 |
Little Red School House Inc New York, NY | $50,588,811 | $36,915,940 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $27,708,411 | $43,176,770 |
True North Rochester Preparatorycharter School Rochester, NY | $31,478,453 | $41,687,630 |
Classical Charter Schools Bronx, NY | $15,984,342 | $34,614,781 |
Bronx Charter School For Excellence Bronx, NY | $63,378,035 | $40,736,120 |
Avon Grove Charter School West Grove, PA | $50,579,082 | $34,467,872 |
Science Academies Of New York Charter Schools Syracuse, NY | $37,462,091 | $36,615,185 |